Frictionless trade: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Add link.)
(Add link.)
 
Line 16: Line 16:
* [[European Union]]
* [[European Union]]
* [[Friction]]
* [[Friction]]
* [[Frictionless payments]]
* [[Hysteresis]]
* [[Hysteresis]]
* [[International trade]]
* [[International trade]]

Latest revision as of 01:18, 25 May 2024

1.

Strictly, frictionless trade is the theoretically complete absence of all costs, delay or restrictions on market activity.


2. International trade - European Union - Brexit.

More loosely, frictionless international trade is generally understood to mean the absence of border checks.

The degree of friction can be roughly measured by the length of time it takes consignments of physical goods to cross the border.


See also